AuthorTopic: Do you or anybody you know live like a king during law school? (Read 599 times)

I was just thinking about this the other day. Couldn't someone who has never had a good income just go to law school and borrow (via federal loans and graduate plus)- a ton of money and live fat? Get a new car, get a luxury apartment, eat steak and shrimp every day, etc. You could especially do this if you are at a cheap school (under 20k a year) or have a large scholarship. The terms of repayment are such that a reasonable person could comfortably live well arising out of money obtained from borrowing.

This past year I borrowed less than my cost of attendance and am wondering if I was stupid to do so.

A guy in my apartment complex has two cars already and just bought a new mercedes. I have no idea if he lives on loans though, or if he has money from working between college and law school. However for him to live like a king, he'll need to be in a nicer apartment complex